Sportradar Group AG (NASDAQ:SRAD) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Sportradar Group AG (NASDAQ:SRAD) have earned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $14.63.

Several research firms have commented on SRAD. JPMorgan Chase & Co. began coverage on Sportradar Group in a report on Tuesday, June 18th. They issued a “neutral” rating and a $12.00 target price on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $16.00 price objective on shares of Sportradar Group in a research report on Wednesday, August 14th. Benchmark restated a “buy” rating and issued a $12.00 price target on shares of Sportradar Group in a research report on Wednesday, August 14th. JMP Securities upgraded Sportradar Group from a “market perform” rating to an “outperform” rating and set a $16.00 target price for the company in a research report on Wednesday, September 4th. Finally, Jefferies Financial Group upgraded Sportradar Group from a “hold” rating to a “buy” rating and raised their price target for the company from $12.00 to $16.00 in a report on Wednesday, August 14th.

Sportradar Group Stock Performance

Shares of SRAD stock opened at $12.01 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.05. Sportradar Group has a 52 week low of $8.08 and a 52 week high of $12.62. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of 133.44, a PEG ratio of 14.62 and a beta of 2.06. The stock has a fifty day moving average of $11.34 and a 200 day moving average of $10.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Truist Financial Corp lifted its position in Sportradar Group by 4.3% in the fourth quarter. Truist Financial Corp now owns 33,298 shares of the company’s stock valued at $368,000 after buying an additional 1,373 shares during the last quarter. Jump Financial LLC purchased a new position in Sportradar Group in the fourth quarter valued at approximately $302,000. Armistice Capital LLC purchased a new position in Sportradar Group in the fourth quarter valued at approximately $199,000. Aurora Investment Counsel purchased a new position in Sportradar Group in the fourth quarter valued at approximately $1,372,000. Finally, Mendota Financial Group LLC boosted its holdings in shares of Sportradar Group by 22.7% in the first quarter. Mendota Financial Group LLC now owns 15,359 shares of the company’s stock valued at $179,000 after acquiring an additional 2,837 shares during the period.

Sportradar Group Company Profile

Sportradar Group AG, together with its subsidiaries, provides sports data services for the sports betting and media industries in the United Kingdom, the United States, Malta, Switzerland, and internationally. Its sports data services to the bookmaking under the Betradar brand name, and to the international media industry under the Sportradar Media Services brand name.